Stephens Trims Avidbank (OTC:AVBH) Target Price to $23.00

Avidbank (OTC:AVBH) had its price objective dropped by analysts at Stephens from $24.00 to $23.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ price objective would suggest a potential upside of 23.26% from the company’s current price.

Separately, Janney Montgomery Scott initiated coverage on shares of Avidbank in a research report on Friday, July 12th. They issued a “neutral” rating and a $21.00 target price for the company.

Avidbank Stock Performance

OTC:AVBH opened at $18.66 on Tuesday. The firm has a market capitalization of $147.04 million, a price-to-earnings ratio of 8.97 and a beta of 0.69. Avidbank has a one year low of $18.25 and a one year high of $22.00.

Avidbank Company Profile

Avidbank Holdings, Inc operates as a bank holding company for Avidbank that provides financial products and services to small and middle-market businesses, professionals, and individuals in the Santa Clara, San Mateo, and San Francisco counties. It offers business and personal deposit products, such as checking, money market, and savings accounts; and certificates of deposit.